North Korean hackers stole $1.3 billion worth of crypto this year

Latest News on North Korean Crypto Theft 2024:

North Korean hackers have been actively targeting cryptocurrency platforms, with a significant focus on Hyperliquid, a decentralized exchange (DEX). Here are the key highlights:

1. Hyperliquid Targeted by North Korean Hackers:

   • Users of Hyperliquid have reported suspicious activity, leading to concerns about a potential large-scale hack13.
   • The platform has seen a substantial outflow of USDC, with some experts suggesting this could be a precursor to a major attack3.

2. Recent Crypto Theft Statistics:

   • North Korean hackers have stolen over $1.34 billion in cryptocurrency in 2024, accounting for 61% of all stolen funds this year25.
   • This amount represents a 21% increase from the previous year, highlighting the escalating threat posed by these hackers5.

3. Trading Activity on Hyperliquid:

   • On-chain observers have noted trading activity from addresses associated with North Korean hackers on the Hyperliquid platform4.
   • This activity is believed to signal a potential larger hacking operation, further escalating concerns about the platform's security4.

Detailed Context:

North Korean hackers have been notorious for their sophisticated cyber attacks on the cryptocurrency space. The recent surge in activity, particularly targeting Hyperliquid, underscores the ongoing threat these hackers pose to the global crypto ecosystem.

Trustworthy Citations:

• 1 Beincrypto: "North Korean Hack Threat Looms Over Hyperliquid as Users Report Suspicious Activity"
• 2 Bitget: "Hyperliquid DEX Becomes New Target for North Korean Hackers"
• 3 Coinspeaker: "HyperLiquid Sees $60M USDC Outflow amid Concerns Related to North Korean Hackers"
• 4 CCN: "Hyperliquid at Risk? North Korean Hackers Trade on Platform"
• 5 The420: "North Korean Hackers Loot $1.34 Billion in Cryptocurrency in 2024"